Africa Internet Group Raises More Funds in Bid to Become Continent’s Amazon – Wall Street Journal

Africa has its unicorn.

Africa Internet Group, the startup behind what has been called the Amazon.com of Africa, said Thursday it raised more than €300 million ($327 million) in its latest round of funding, with investors valuing the company at just over $1.1 billion.

With that fundraising round, the Lagos, Nigeria-based firm becomes the first in Africa to join the ranks of tech startups valued at over $1 billion—called…

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